Optimal operation and sizing of pumped thermal energy storage for net benefits maximization

Perez, Matthew; Fan, Rui; Wu, Di

doi:10.1049/gtd2.12541

Optimal operation and sizing of pumped thermal energy storage for net benefits maximization

Journal Article · Tue Jul 05 00:00:00 EDT 2022 · IET Generation, Transmission, & Distribution

DOI:https://doi.org/10.1049/gtd2.12541· OSTI ID:1874848

Perez, Matthew ^[1]; ^[1]; Wu, Di ^[2]

Department of Electrical and Computer Engineering University of Denver Colorado USA
Electricity Infrastructure and Buildings Division Pacific Northwest National Laboratory Washington USA

Abstract

Current trends in the modern grid are leading to the development and deployment of energy storage to help integrate increasing variable renewable energy sources into the grid. This paper studies a pumped thermal energy storage (PTES) system for multiple grid services including energy arbitrage, frequency regulation, spinning and non‐spinning reserve, and resource adequacy. Optimal dispatch methods are proposed for individual services as well as value stacking from multiple services to maximize the economic benefits. Assessment results demonstrate the superiority of value stacking. Specifically, the study shows the maximum revenue from an individual grid service with a 30‐MWh PTES system was $522,520, while the value stacking could increase the benefits to $678,477. In addition, sensitivity analyses were conducted to explore the cost‐effectiveness of a PTES system with different combinations of power transfer limits and energy capacity. It was found that the power transfer limit had a greater impact than the energy capacity on the benefits. The proposed method could help determine the optimal duration of a future PTES system.

View Journal Article

Research Organization:: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)

Sponsoring Organization:: USDOE

Grant/Contract Number:: AC05-76RL01830

OSTI ID:: 1874848

Alternate ID(s):: OSTI ID: 1886649
OSTI ID: 2513579

Report Number(s):: PNNL-SA-172532

Journal Information:: IET Generation, Transmission, & Distribution, Journal Name: IET Generation, Transmission, & Distribution Journal Issue: 17 Vol. 16; ISSN 1751-8687

Publisher:: Institution of Engineering and Technology (IET)Copyright Statement

Country of Publication:: United Kingdom

Language:: English

References (22)

Energy storage and the environment: the role of battery technology Ruetschi, Paul Journal of Power Sources, Vol. 42, Issue 1-2 https://doi.org/10.1016/0378-7753(93)80132-9	journal	January 1993
Parametric studies and optimisation of pumped thermal electricity storage McTigue, Joshua D.; White, Alexander J.; Markides, Christos N. Applied Energy, Vol. 137 https://doi.org/10.1016/j.apenergy.2014.08.039	journal	January 2015
Comparison of electricity storage options using levelized cost of storage (LCOS) method Jülch, Verena Applied Energy, Vol. 183 https://doi.org/10.1016/j.apenergy.2016.08.165	journal	December 2016
A thermo-economic analysis and comparison of pumped-thermal and liquid-air electricity storage systems Georgiou, Solomos; Shah, Nilay; Markides, Christos N. Applied Energy, Vol. 226 https://doi.org/10.1016/j.apenergy.2018.04.128	journal	September 2018
A thermal energy storage process for large scale electric applications Desrues, T.; Ruer, J.; Marty, P. Applied Thermal Engineering, Vol. 30, Issue 5 https://doi.org/10.1016/j.applthermaleng.2009.10.002	journal	April 2010
Thermodynamic analysis of pumped thermal electricity storage White, Alexander; Parks, Geoff; Markides, Christos N. Applied Thermal Engineering, Vol. 53, Issue 2 https://doi.org/10.1016/j.applthermaleng.2012.03.030	journal	May 2013
Levelised Cost of Storage for Pumped Heat Energy Storage in comparison with other energy storage technologies Smallbone, Andrew; Jülch, Verena; Wardle, Robin Energy Conversion and Management, Vol. 152 https://doi.org/10.1016/j.enconman.2017.09.047	journal	November 2017
Performance and cost evaluation of an innovative Pumped Thermal Electricity Storage power system Benato, Alberto Energy, Vol. 138 https://doi.org/10.1016/j.energy.2017.07.066	journal	November 2017
Physical models for packed bed: Sensible heat storage systems Elouali, A.; Kousksou, T.; El Rhafiki, T. Journal of Energy Storage, Vol. 23 https://doi.org/10.1016/j.est.2019.03.004	journal	June 2019
Electrical energy storage systems: A comparative life cycle cost analysis Zakeri, Behnam; Syri, Sanna Renewable and Sustainable Energy Reviews, Vol. 42 https://doi.org/10.1016/j.rser.2014.10.011	journal	February 2015
Thermo-mechanical concepts for bulk energy storage Steinmann, Wolf-Dieter Renewable and Sustainable Energy Reviews, Vol. 75 https://doi.org/10.1016/j.rser.2016.10.065	journal	August 2017
Instabilities of a buoyancy-driven system Gill, A. E.; Davey, A. Journal of Fluid Mechanics, Vol. 35, Issue 4 https://doi.org/10.1017/S0022112069001431	journal	March 1969
Assigning value to energy storage systems at multiple points in an electrical grid Balducci, Patrick J.; Alam, M. Jan E.; Hardy, Trevor D. Energy & Environmental Science, Vol. 11, Issue 8 https://doi.org/10.1039/C8EE00569A	journal	January 2018
Review of energy storage allocation in power distribution networks: applications, methods and future research Hatziargyriou, Nikos D.; Škrlec, Davor; Capuder, Tomislav IET Generation, Transmission & Distribution, Vol. 10, Issue 3 https://doi.org/10.1049/iet-gtd.2015.0447	journal	February 2016
Integrated energy hub system based on power‐to‐gas and compressed air energy storage technologies in the presence of multiple shiftable loads Mirzaei, Mohammad Amin; Zare Oskouei, Morteza; Mohammadi‐Ivatloo, Behnam IET Generation, Transmission & Distribution, Vol. 14, Issue 13 https://doi.org/10.1049/iet-gtd.2019.1163	journal	May 2020
Reliability enhancement of electrical power system including impacts of renewable energy sources: a comprehensive review Kumar, Sachin; Saket, R. K.; Dheer, Dharmendra Kumar IET Generation, Transmission & Distribution, Vol. 14, Issue 10 https://doi.org/10.1049/iet-gtd.2019.1402	journal	April 2020
Capital cost expenditure of high temperature latent and sensible thermal energy storage systems Jacob, Rhys; Saman, Wasim; Bruno, Frank SOLARPACES 2016: International Conference on Concentrating Solar Power and Chemical Energy Systems, AIP Conference Proceedings https://doi.org/10.1063/1.4984433	conference	January 2017
Concept and Development of a Pumped Heat Electricity Storage Device Howes, Jonathan Proceedings of the IEEE, Vol. 100, Issue 2 https://doi.org/10.1109/JPROC.2011.2174529	journal	February 2012
Estimating potential revenue from electrical energy storage in PJM Byrne, Raymond H.; Concepcion, Ricky J.; Silva-Monroy, Cesar A. 2016 IEEE Power and Energy Society General Meeting (PESGM) https://doi.org/10.1109/PESGM.2016.7741915	conference	July 2016
Optimal Coordination of Building Loads and Energy Storage for Power Grid and End User Services Hao, He; Wu, Di; Lian, Jianming IEEE Transactions on Smart Grid, Vol. 9, Issue 5 https://doi.org/10.1109/TSG.2017.2655083	journal	September 2018
Second-Order Stochastic Dominance Constraints for Risk Management of a Wind Power Producer's Optimal Bidding Strategy AlAshery, Mohamed Kareem; Xiao, Dongliang; Qiao, Wei IEEE Transactions on Sustainable Energy, Vol. 11, Issue 3 https://doi.org/10.1109/TSTE.2019.2927119	journal	July 2020
A Stochastic Bilevel Model for an Electricity Retailer in a Liberalized Distributed Renewable Energy Market Campos Do Prado, Josue; Qiao, Wei IEEE Transactions on Sustainable Energy, Vol. 11, Issue 4 https://doi.org/10.1109/TSTE.2020.2976968	journal	October 2020

Similar Records

The Salem Smart Power Center: An Assessment of Battery Performance and Economic Potential

Technical Report · Thu Sep 21 00:00:00 EDT 2017 · OSTI ID:1406263

Related Subjects

25 ENERGY STORAGE
economic assessment
generalized battery model
optimization
pumped thermal energy storage

Optimal operation and sizing of pumped thermal energy storage for net benefits maximization

Citation Formats

References (22)

Similar Records

Related Subjects